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and terrorism. this is a statement. i'll read it to you, congressman. president obama is advocating his responsibility as commander in chief and undermining the authority of future presidents. the president does not need congress to authorize a strike on syria. if assad's use of chemical weapons against civilians deserves a military response, and i believe it does, and if the president is seeking congressional approval, then he should call congress back into special session at the earliest date. the president doesn't need 535 members of congress to enforce his own red line. you totally disagree with peter king. tell our viewers quickly, because we're out of time, congressman rangel, why he's wrong and you're right. >> peter king i thought was on the right track when he said the president should call back the congress. but this whole idea that he doesn't need 535 -- at least i hope he's saying we need the majority. to an extent of what his belief is, it's 135th of the united states congress. so i respect him or anybody else who believes the president is authorized to attack another count
is beginning to take shape around, yes, of course, the repeal of obama care. and last night at a heritage foundation defund obama care event in texas, senator ted cruz tried to rally conservatives. >> what happens next is president obama and harry reid are going to scream and yell those mean, nasty republicans are threatening to shut down the federal government. what has to happen after that is we've got to do something that conservatives haven't done in a long time. we've got to stand up and win the argument. why is it that every reporter in the media and a significant percentage of republicans assume with an impasse that president obama will never, ever, ever give up his principals so republicans have to give up theirs. if you have an impasse, you want to know one side or the other has to blink. how do we win this fight? don't blink! >> by the way, cruz was heckled at that event by people saying they wanted health care as well, but there were more supporters, as he said, than there were hecklers. earlier, though, former u.s. senator jim demint and president of the heritage foundation sa
president obama first call for the syrian president to go to although today white house officials declared the objective of any possible military action is not to drive the dictator from power. >> what we are considering -- considering is not about regime change responding to clear violation of the international standard that prohibits the use of chemical weapons. >> leading republicans to demand what the mission is. >> i hope it is not putting in some cruise missiles. he interoffice railing against the unilateralism against bush and cheney as the boston globe gave written questions one focused if the president could call my rig without authorization from congress. senator obama said the president does not have power under the constitution to unilaterally authorize a military attack in a situation that does not involve stopping an actual or imminent threat to the nation. >> candidate obama said in actual or imminent threat. do believe that exist right now to the united states? >> i believe absolutely allowing the use of chemical weapons on a significant scale to take place, without a respo
evidence and now, of course, what comes next, barack obama is now moving closer to military strike. "boston globe" also talking about a coming military strike. it looks like it's probably going to happen. let's get to news. >> top u.s. officials now say chemical weapons were used in da masses cas and the president is considering a limited military strike on select targets inside the country. yesterday u.n. inspectors visited the site of the attacks and though low expectations for what their probe will uncover, secretary of state john kerry says there is little doubt as to what happened there. >> what we saw in syria last week should shock the contents of the world. p it defies any code of more reality. let me be clear. the indiscriminate slaughter of civilians, killing of women and children and innocent bystanders by chemical weapons is a moral obscenity. the reported number of victims the reported symptoms of those who were killed or injured, the firsthand accounts from humanitarian organizations, these all strongly indicate that everything these images are already screaming at us, is real
obama declared that he is definitely, positively, without a doubt still considering his options. >> this kind of attack is a challenge to the world. we cannot accept a world where women and children and innocent civilians are gassed. i have not made a final decision about various actions that might be taken. in no event are we considering ne kind of military action that would involve boots on the ground that, would involve a long-term campaign, but we are looking at the possibility of a limited, narrow act. >> now, just a short time before that, secretary kerry used language that sounded quite a bit more forceful as he gave the broad strokes outlining the evidence that the u.s. says it has on syria. >> it matters because if we choose to live in a world where a thug and a murderer like bashar al assad can gas thousands of his own people with impugnity, even after the united states and our allies said no and then the world does nothing about it, there will be no end to the test of our resolve. >> kerry also strongly indicated that the u.s. is willing to lead this effort after its
officials say once they get the order they could be ready to go within hours but while obama administration officials continue to verbally hammer bashar al assad we're still waiting to get the hard evidence that he's responsible. the latest warning to syria comes directly from the white house. >> those who use chemical weapons against defenseless men, women and children, should and must be held accountable. >> reporter: another sign to expect action, u.s. officials all but telling u.n. inspectors, get out of the way. >> and it's clear the security situation isn't safe for the team in syria. >> reporter: the defense secretary told the bbc u.s. ships are positioned, preparations complete. >> we are ready to go. >> reporter: and a defense official tells cnn if the president chooses the most limited option, it could be over in two to three days. cruise missiles could target syria's weapons launchers and command and control facilities, but that's it. >> the options we are considering are not about regime change. >> reporter: and this some say could backfire on the white house. >> it may give bas
days, president obama's national security team will present him with its final detailed options. the administration is already making the case for taking action against syria. >> presidnt obama believes there must be accountability for those who would use the world's most heinous weapons against the world's most vulnerable people. >> reporter: secretary of state john kerry accused the assad regime of gassing its own people and called it -- >> moral obscenity. >> reporter: if the president gives the order a senior defense officials says four navy destroyers in the mediterranean sea could execute a mission within hours. u.s. and british submarines are also likely nearby, all armed with cruise missiles. the extremely accurate tomahawks can be fired from 500 miles away, with an ability to change course in mid flight. the potential targets include the delivery systems that can be used to launch weapons, militia training camps being run by bashar al assad and most importantly, the syrian government's command and control centers. >> allahu akbar! >> reporter: they are not designed to o
the question we must all be asking is what will we do? let me emphasize, president obama, we in the united states, we believe in the united nations and we have great respect for the brave inspectors who in toward regime, gunfire and obstructions to their investigation, but as the secretary general has said again and again, the u.n. investigation will not affirm who use these chemical weapons. that is not the mandate of the u.n. investigation. they will only of term whether such weapons were used. by the definition of their own mandate, the un can't tell us anything that we haven't shared with you this afternoon or that we don't already know. and because of the guaranteed russian obstructionism of any action through the urine -- the un security council the un cannot galvanize the world to act as it should. so let me be clear, we will continue talking to the congress, talking to our allies and most importantly talking to the american people. president obama will ensure that the united states of america makes our own decisions on our own time line is based on our values and our interests. we
, and if it happens, they scale back even more like what we see under obama care, another layer to the issue here. >> those who already pay more than the wage now, the fear is what? >> the workers who are striking for more money, their jobs, their hours, they get cut. >> okay. neil: i have a property tester on the phone. terrance, i don't know if you heard arguments that might make you pause in the rush to see the minimum wage doubled, what do you think? >> i think the franchise say the cost of all funnel to the customers, it should be the parent customers working with the franchises to work on their prices and how is not to funnel cost to customers to give us a livable wage. neil: even if you do that, terrance, do you think there's enough switching on the top, you know, shifting things over, you know, as they pass along some of the savings to the franchises that that's going to be enough to pay for doubling minimum wage. >> caller: it's enough to pay workers better. neil: maybe better, i'll take a leap and say "maybe better," i don't know if it's better for companies longer term, but better is v
to it, the big decision on syria. president obama says the syrian government attacked its own people with chemical weapons. the president heads to congress to make the case as the u.s. seems to be ramping up, however, one of its key allies, britain is slowing things down. the question is what zp they find? we begin with barbara star at the pebt gone. >> good morning, chris. britain and washington will be releasing details on what it has about assad killing his own people. president obama says he hasn't decided what to do but is determined to hold syria accountable. >> we want the assad regime to understand that, by using chemical weapons on a large scale against your own people, against women, against infants, against children, that you are not only breaking international norms and standards of decency, but you're also creating situation where u.s. national interests are affected and that needs to stop. >> reporter: the president left no doubt who ordered the chemical weapons atacks. >> we've concluded the syrian government in fact carried these out. >> reporter: among the evidence i
secretary of defense kitty mcfarlane joining us to talk about what president obama should do about it now. ashley: home prices omri's the the kissel report is a look in the rear view mirror. what does it mean in the keys of rising interest rates? lori: the above administration's economic team, charlie gasparino's exclusive reporting and who could be next to join the lineup. dennis: is not your father's would remark and was your father's it senior chinese communnst official or russian oligarchic. a new brand of luxury emerge in as global wealth disperses to less than 1%. cheryl: sandra smith is at the cme has oil jumps 3%. let's begin with lauren simonetti at the stock exchange where the dow is down big. lori: near session lows, 3 points away, the stock is intensifying as we get later into this session. we get economic data, it wasn't terrible on home prices and consumer confidence but nonetheless syria being the main headline this is what investors are focused on. is not the only culprit to the. we can't forget the debt ceiling, the fed pays back, all these are painting a picture is that
days that country has seen in years. president obama calling for calm. trending downward, not just the market, but the president's approval rating on the economy flipping to 35% last month. seven percentage points lower than june. detroit emergency manager apologizing after calling some of the city residents those names. and the nfl hit with another concussion lawsuit. 83 former players led by pro-bowlers. they say they are suffering long-term effects from brain injuries sustained during their playing days. and we're watching the market this hour of "markets now." ♪ connell: those headlines show you there is a lot going on-9 today. we will get to the mess in egypt in just a moment, but first, our market today with the selloff, seeing the biggest decline in a couple of months. nicole petallides starts us off on the floor of the new york stock exchange. nicole: you are absolutely right. the lowest point, the biggest move to the downside since june 20. down about 1.5% right now. back on june 20 the dow dropped over 2%, this is the biggest moving percentage terms since that time. yo
dewitt obama at that time was a good thing, i would have liked it better if he did not hug him as much. but, the fact that is is bipartisan, youment to help ment want to help the people of country and new jersey. problem are about me and i hav not seen a whole lot of help from was done. you know, i contribute to a not for profit quote, robin hood, robin hood had a fantastic concert f hurricane sandy, the number raised $65 million, that money was distributed to people who need the money within days. >> >> no waiting around? >> it -- they had a infrastructure in place they gave away the money, new jersey got a ton of money from fema, an from other sources it still has not all been distributed. neil: you mentioned the ability of the governor to reach across the aisle to get things done, we see very little of, that you are a business guy, you have to strike deals to get things done, when they talk about hutting the government down and not -- shutting the government down, and is not showing up, both sides do this, as a b a businesy , what do you think. >> this is crazy, foolish, i heard tod
, and the obama administration saying it is ready to act in syria if needed. secretary jack lew on squawk saying moments ago the president will not negotiate over the debt ceiling. >>> good news for tiffany, and luxury, in that it was boosted by sales in china. >>> and the end of the era, bill ackman is bailing on jcpenney, and they are looki in ing to ses shares. >> and we will look at the new home sales to be released. >>> treasury secretary jack lew telling our own john harwood that the president will not e negotiate over the debt limit which could be reached in mid-octob mid-october. take a listen. >> we won't be negotiating over the debt ceiling and congress has authorized funding and committed to expenditures and now the question is do we pay the bills that the united states has incurred. it is the only way for that to do is for congress the act and act quickly. what we need in the economy is certainlity, and we don't need a self-inflicted wound or crisis at the last minute. congress should come back, and they should act. >> jim, they say when it rains, it pours and government is part of t
of some u.s. embassies amid what the obama administration calls serious and credible threats by al qaeda. diplomatic facilities will remain closed in many of the countries you see right there throughout the middle east and africa until at least august 10th. >>> the global travel alert coming at the same time as a global travel conference is taking place in san diego. jane wells is there live. jane, how is the global industry taking all this in? >> well, they are sort of processing it today, this is the global business travel association meeting, 400 companies and 7,000 people, all of whom are getting used to traveling in a more dangerous world. >> business travelers have become much more accustomed to it, and in a global economy you know that you do have a higher risk profile than maybe in years past, but it's a fact of life, and we all deal with it. >> so he says companies are detailing products which help you track and redirect traveling employees to safety concur which manages travel bookings and expenses for companies and report a 23% revenue growth last week. it's introducing a new
will we do? let me emphasize, president obama, we in the united states, we believe in the united nations, and we have great respect for the brave inspectors who endured regime gunfire and obstructions to their investigation, but as ban ki-moon, the secretary-general has said again and again, the u.n. investigation will not affirm would used these chemical weapons. that is not the mandate of the u.n. investigation. they will only affirm whether such weapons were used. by the definition of their own mandate, the u.n. can't tell us anything that we haven't shared with you this afternoon or that we don't already know, and because of the guaranteed russian obstructionism of any action through the u.n. security council, the u.n. cannot galvanize the world to act as it should, so let me be clear. we will continue talking to the congress, talking to our allies and most importantly talking to the american people. president obama will ensure that the united states of america makes its own decisions based on our values and interests and on its own time line. we know after a decade of conflict the a
as great as it cleaned. that's why when it comes to clean, there's only one mr. >>> president obama canceled a face-to-face meeting with russian president vladimir putin over putin's position to grant asylum to nsa leaker edward snowden. my next guest said it's the right direction but can't undo five years the president spent remaking the image into one perceived around the globe as weak. fox news contributor linda chavez. thanks for joining us this morning. >> great to be with you. >> i think a lot of people voted for president obama in 2008 the first time with the sincere expectation his election would make america more popular around the globe. that hasn't happened. why? >> it hasn't happened. the president said he was going to remake america's image in the world. i think a lot of people thought because he did have a charismatic personality, certainly the president himself believes himself to be charismatic, he was going to be able to win more friends for america, that america would suddenly be beloved by all. what the president seems not to understand, what is most important in
's start with the biggie. >>> the obama administration now warning of a mid-october default deadline. treasury secretary jack lew saying that the government is going to exhaust its borrowing capacity at that point, and then it would be left with about $50 billion of cash on hand. he warns that amount could conceivably be wiped out in one single day. our own john harwood's going to be sitting down with the treasury secretary for an exclusive interview and we're going to have that and bring it to you at 7:30 a.m. eastern time. >>> in other washington news, the white house preparing to release intelligence evidence alleging the use of chemical weapons by syria. secretary of state john kerry called last week's attack a "moral obscenity," and he's laid out the case for a u.s. military response. >> anyone who could claim that an attack of this staggering scale could be contrived or fabricated needs to check their conscience and their own moral compass. what is before us today is real, and it is compelling. so, i also want to underscore that while investigators are gathering additional evid
in overturning an appealing obamacare. neil: thank you very much. >> in queue. neil: out the help of barack obama over the top. right now they're looking a mark on. neil: it's time for cavuto clash. it self respecting journalist was a mind in a fight to the finished at match debate. they sure as hell did not intend to lose. lizzie borden macdonald. while there are gnashing, let's get them clashing. front and center, unions joking in dying fast. knocking down the latest attempt to smack down the michigan right to work offers to workers. another judge in indiana. the eu said this. to sort of elevating. but to you first. >> so much show that the afl-cio has said the rear in a crisis. also move to a unionized restaurants. nonprofits. if he feels he has to reach out to unionized organizations like the sierra club and the naacp, we are in a new world for unions neil: that would be like a double jeopardy. what to you think? >> having a death battle here. of course. neil: a big element of surprise. >> i'm happy to fight. you know that. but yes, they are in trouble. you'll wake up as a country and find ou
on now to major news, president obama making a statement moment ace go on egypt. he said the u.s. will cancel joint military exercises with egypt. to help us understand this, john harwood joins us live now from washington with more. john? >> kelly, it was a minimalist response by the president. you had some people including former advisers of his own saying that the united states should suspend or cut off military aid to the egyptian government. the president did not do that. he said that they were going to cancel those bright star military exercises scheduled for next month and continue to consult with his national security team on other steps. what he was trying to do was signal united states concern but not do anything to significantly weaken the relationship between the united states and the egyptian military. there will be more pressure if the violence continues. for now, this is all the president is doing. >> it's a dangerous position, though, john, that they find themselves in. on the one hand condemning the violence but on the other refusing to support the regime. i it'
, and how do you prevent that from an open-ended involvement in a war that clearly president obama and the united states military does not want to get involved with in a deep way. >> the public apparently has no appetite for any other conflict? russia immediately said, you know, don't -- you people don't need another adventure in the middle east like iraq and iran. obviously saying the same thing. it's really tough. it's really tough for the president to try to walk. >> reporter: it's more than tough. and you saw assad in an interview with a russian newspaper yesterday saying -- warning the united states that you get involved again, there's going to be a failure like all your interventions in the past. clearly the lessons of long and protracted wars have weighed heavily on the president. this is a president, after all, who got into politics, opposing the iraq war. says he doesn't oppose all war, but he opposes dumb wars, and it's pretty clear from his language and body language and the entire stance of the united states over the last several months that he believes it would be dumb
with samsung. the obama administration vetoing a ban on apple products. share of samsung are falling in asia. >> tv blackout, battle between time warner cable and cbs show nothing signs of letting up. >>> the terror threat overseas. many u.s. embassies stay closed now until august 10th. a live report from nbc's pete williams. >>> first up, if you didn't see it, u.s. equity funds saw a record inflow in july. according to trim tabs funds saw $40.3 billion coming in last month while bond funds saw the fourth highest outflow on record. david seeburg at cowan. good monday morning to you. >> good morning. >> david, is this the beginning of something new? >> it seems to be. i mean, $40 billion in july, amazing. still a ton of cash on the sidelines. there's about $9.5 trillion in xhrgs bank deposit and money mark accounts, companies obviously corporate balance sheets reflecting cash. m&a starting to pick up it's the beginning of a rotation that we expect to take equities higher. >> peter, how do you read things here. >> s&p gone from 666 to 1700 without the retail investor. retail money's coming in,
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.s. treasury. president obama is calling for both lenders to be shut down. diana olick joins us now from washington to explain why. morning, diana. >> good morning. and, you know, profitability just has nothing to do with it in the eyes of the obama administration. both fannie and freddie reporting big earnings, profits, yet they're still held to blame for much of the housing crash. >> for too long these companies were allowed to make huge profits buying mortgages knowing that if their bets went bad, taxpayers would be left holding the bag. it was heads we win, tails, you lose. and it was wrong. >> that was then and this is now. fannie mae reporting net income of $10.1 billion and paying the treasury $10.2 billion in dividends. that brings the total to $105 billion paid to uncle sam which bailed out fannie mae in 2009 buying $117 billion in senior preferred shares of stock. these dividend payments though do not go to pay back that bailout. treasury still owns that stock. and on the conference call this morning, fannie mae's ceo said that profitability should not slow the appropriate deba
states. the obama administration has said the use of chemical weapons would cross a red line. what happens now? we have live team coverage overseas and washington. let's start first with arwa damon live from beirut. what's the latest you're hearing, arwa? >> reporter: those images are so hard to watch and it's absolutely horrible scenes of lifeless children, doctors trying to desperately resuscitate others. i just spoke via skype with a doctor who says he is in syria, we cannot independently verify that. he said they're struggling in primitive conditions, unable to attend to all of those who are suffering the side effects of what he is also saying was a chemical attack. they look atroprine and oxygen. another volunteer medics throughout all of this, if you'll remember, he was describing the symptoms he personally felt. he said he initially lost vision and then he lost all feeling in his body, and at one point, he collapsed. now this is not the first time that we've heard claims of chemical weapons being used in syria. it is, however, the first time that the death toll from any of t
obama wants to inspire us by exercising on the white house lawn, that is great but with government it's force. >> this is not banning what you are buying but simply the size of the cup that can be used. >> john: in my hometown, they are upset about big cups of soda. they want big cups illegal. >> this is biggest thing to curb obesity. >> john: i can buy two of these, that is 32 ounces around i can buy one of these. how does this curb obesity? >> my mayor is proud he has forced every chain restaurant to clearly post calorie koont. >> there were few skeptics but nowhey are national models. >> john: that sadly that true. under obamacare all big chains will have to post calorie counts even though they don't work. professors track customers at mcdonald's burger king and kentucky fried chicken, half the customers noticed the calorie couldn't counts but they found people ordered more calories. the offer of the food police jason lugsk studied it to. >> labels don't change behavior at all. what you are doing is asking companies to undertake a cost that has essentially no benefit to the consume
the obama tax rates which could be pushing them up into a 50% bracket which lends you to see a taxable equivalent yield of 9% to 9.2%. that's a lot to pass up for an investor who is getting asurety of that return. >> talking about the search for yield and reach for yield, but we tend to think of it strictly in terms of the equity markets, not muni bonds as much as we did, say a year ago. >> it's easy owe make will call because munis got hurt on the detroit concern. is that an issue we'll see further problems with other municipalities down the road? >> that's a great point, bob. i think you'll see more complicated issues per state, but those are the ones where, you know, a good portfolio manager is going to look and say what are the revenues and tax revenues that will always be there? we'll be in our cars and rvs passing through turn pikes. >> you betcha. >> but it's an important point, and also to your point about china just getting back to the global markets. you're looking at a pe ratio going forward in the capital markets in europe about 12 to 13 times versus the united states which
this is proof that their people have been attacked by chemical weapons. does this mean team obama will have to put up or shut up because of the so-called red line? that story and more coming up on "kudlow." [ male announcer ] come to the golden opportunity sales event and experience the connectivity of the available lexus enform, including the es and rx. ♪ this is the pursuit of perfection. ♪ a quarter million tweeters is beare tweeting. and 900 million dollars are changing hands online. that's why hp built a new kind of server. one that's 80% smaller. uses 89% less energy. and costs 77% less. it's called hp moonshot. and it's giving the internet the room it needs to grow. this&is gonna be big. hp moonshot. it's time to build a better enterprise. together. i put in the hourswhere i am today by luck. and built a strong reputation in the industry. i set goals and worked hard to meet them. i've made my success happen. so when it comes to my investments, i'm supposed to just hand it over to a broker and back away? that's not gonna happen. avo: when you work with a schwab financial consulta
and the health care worries and back and forth on the taxes and obama wants more and we are tapering. perfect. just great. >> well, things could be worse -- you could be in india and watching the currency decline by 4% per day. >> you could be in indonesia and watching a similarly currency going down. >> the rupee. >> yes. and that is a fact. >> and the fact is that the dollar buys more rupees than you can see, whoa! any time a major currency moves almost 4% in a day, this is of course, the impact that you would expect of making indian exports cheaper which will benefit us, but a consumer-led economy there where they are trying to bring it in is complicated and then bring in a lot of goods and send them in and back out, and the equity markets there have not been performing well. >> and you are, we have not talked enough about the merging markets. >> well, they have been crushed. when you talked about the taper talk or the okay, what happens when, and forget about when qe ends, because it is not that the merging markets will take et the worst, because all they are built on is cheap money, and
that they've had a difficult time with their reputation for being obstinate as opposed to president obama. their reputation suffered in the 2011 debt crisis. they don't want to go through that again. so that's probably why we will avoid either a government shutdown or a debt default. >> we're back to reading some tea leaves definitely, john, ahead of those midterms. not too far away. thanks so much. our john harwood in washington. interesting point because it relates perfectly to the markets, to the economy, and to what the chairman says every time he's on the hill. >> he often blames congress and the fiscal drag for limiting growth right now in the economy, and what actually happens with the debt ceiling, what actually happens with the continuing resolution, we didn't think it would happen last time. you know, republicans, again, as john harwood just said, they don't want to go through it again, but it is still a significant risk to the economy and it's something the fed is considering as they decide when exactly to begin to pull back their stimulus. they don't want to have a situation w
Search Results 0 to 35 of about 36 (some duplicates have been removed)